Revolution Resources Corp. is pleased to report that the Company has completed the previously announced acquisition of 100% of Lake Shore Gold Corp.’s interests in the Mexico property portfolio, which consists of the Universo and Montaña de Oro properties totaling over 400,000 hectares in two historic mining regions of Mexico.
Lone Star Gold, Inc. announces that on May 6, 2013, the Company entered into an agreement to retain the consulting services of New Media Capital Group of New York. NMCG will assist Lone Star in formalizing their business plan and budget, provide guidance for sustainability and plans for growth. We will also continue efforts to source, analyze and pursue accretive acquisitions.
Soltoro Ltd. has discovered a previously unknown mineralized silver zone, known as the Mascotas zone, on the northern portion of the El Rayo silver project located in Jalisco, Mexico. The Mascotas zone was discovered during routine geologic mapping as part of Soltoros systematic exploration of the El Rayo land package. The Mascotas mineral system consists of at least five separate mineralized structures occurring within an area extending 600 metres northeast by 800 metres northwest. The Mascotas mineral system is located approximately five kilometres north-northeast of the main silver deposit area. There are no known historic mines in the area and few prospect pits.
La minería es una de las actividades económicas de mayor tradición en México, practicada desde la época prehispánica y fuente de la expansión regional desde la colonia. En el México independiente, la participación de la industria minera fue muy importante para el desarrollo económico del país, pero nunca exenta de conflictos sociales, dada la concentración de la riqueza de esta industria en pocas manos y una gran explotación que se hizo y se sigue ejerciendo sobre los trabajadores mineros.
Coeur d’Alene Mines Corporation today announced that Peter C. Mitchell has been appointed to Senior Vice President and Chief Financial Officer effective June 3, 2013.
Sierra Iron Ore Corp. is pleased to announce the results of assays of samples taken and sent for laboratory testing. Two of the samples yielded greater than 55% Fe content. The 3rd sample from the Mazomique property requires further testing.
Primero Mining Corp. today reported financial results for the first quarter ended March 31, 2013. The Company reported net earnings of $17.3 million ($0.18 per share) with adjusted net earnings(1) of $9.4 million ($0.10 per share). Operating cash flows(2) were $19.3 million ($0.20 per share). The Company also reported a strong cash position of $141.2 million as of March 31, 2013.
Oceanus Resources Corporation is pleased to announce that initial results from underground and surface channel samples collected at the Mina la Guadalupe zone on the La Lajita property have returned high grade gold over significant widths. Highlighted assay results include the following;
Timmins Gold Corp. is pleased to report its financial results for the first quarter ended March 31, 2013. The comparative period is the three months ended March 31, 2012. All results are presented in United States dollars unless otherwise stated. Readers should refer to the 2013 management discussion and analysis and consolidated financial statements for complete information.
Silver Scott Mines, Inc. is pleased to announce the near completion of construction at the Carmen mine and processing site. Crushing machinery with associated rolling stock equipment is now arriving and planned to be operational in approximately two weeks. Leach pad and ponds with contractor installed HDPE plastic liners have been completed. Detailed laser topography data has also been acquired over the old mine and newly prepared plant sites by a local contractor service provider. This provider will also monitor in successive scans, to accurately determine the volumes of rock produced.
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